Callaway Golf Company – Consensus shows upside potential of 30.8%

by | Sep 21, 2021 | Golf Apparel

Callaway Golf Company used the ticker (ELY) to determine that 10 analysts now cover the stock, with the consensus suggesting a ‘buy’ rating. The range between the high target price and the low target price is between 49 and 33, with the average target price being calculated as 40. Given that the stock’s previous closing price was 30.57, this suggests a potential upside of 30.8%. The 50-day moving average is now 29.65 and the 200-day moving average is now 31.01. The company’s market capitalization is $ 5,564 million. Visit the company’s website at: http://www.callawaygolf.com

Callaway Golf Company, with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls, apparel, equipment, and other products. It operates in two segments, golf equipment; and clothing, equipment and others. The golf equipment segment offers drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters and used golf clubs under the Callaway and Odyssey brands, and golf balls under the Callaway Golf and Strata brand names. The clothing, equipment and miscellaneous segment offers golf clothing and shoes; Golf accessories including golf bags, golf gloves, headgear and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, shoes, belts, hats, socks and underwear under the TravisMathew brand. This segment also offers storage items for sports and personal use, including backpacks; Travel, travel and golf bags; and storage accessories as well as outerwear, headgear and accessories from the OGIO brand. In addition, it offers outdoor clothing such as jackets, pants and tops; as well as shoes and outdoor equipment including backpacks and bags, travel bags, tents, sleeping bags and accessories. The company distributes its products through golf stores, sports retailers, bulk retailers, e-commerce, department stores, field service, online retailers, mail order and back office, as well as third party retailers in the United States and approximately 100 countries. It also offers used golf products through its website callawaygolfpreowned.com; and OGIO and TravisMathew products through its callawaygolf.com, odysseygolf.com, ogio.com and travismathew.com websites. The company was founded in 1982 and is headquartered in Carlsbad, California.

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